LIEVEST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LIEVEST
Largest movements
- Tangible fixed assets +€466,579
up €466,579 (+28.7%), from €1.6m to €2.1m
of which Land and buildings: +€467,260
- Cash -€84,312
down €84,312 (-85.2%), from €98,914 to €14,602
mainly Investment in fixed assets (net) (-€533,440) and Net result for the year (-€28,806)
- Debts after one year +€414,277
up €414,277 (+106%), from €389,060 to €803,337
of which Financial debts: +€414,277
- Reserves -€28,806
down €28,806 (-2.9%), from €1.0m to €980,821
of which Tax-exempt reserves: -€31,967
- Gross operating margin -€40,938
down €40,938 (-43.4%), from €94,286 to €53,348
- Depreciation -€21,889
down €21,889 (-24.7%), from €88,749 to €66,861
- Financial charges +€12,527
up €12,527 (+133%), from €9,416 to €21,943
- Taxes -€9,597
down €9,597 (-86.7%), from €11,072 to €1,475
- Other operating charges -€1,789
down €1,789 (-41.4%), from €4,320 to €2,531
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,749,547 | €2,123,712 | +€374,166 | +21.4% |
| Fixed assets | 21/28 | €1,628,490 | €2,095,069 | +€466,579 | +28.7% |
| Tangible fixed assets | 22/27 | €1,628,490 | €2,095,069 | +€466,579 | +28.7% |
| Land and buildings | 22 | €1,626,939 | €2,094,199 | +€467,260 | +28.7% |
| Plant, machinery and equipment | 23 | €1,551 | €870 | -€681 | -43.9% |
| Current assets | 29/58 | €121,057 | €28,643 | -€92,414 | -76.3% |
| Amounts receivable within one year | 40/41 | €21,513 | €13,345 | -€8,167 | -38.0% |
| Trade receivables | 40 | €21,320 | €9,311 | -€12,008 | -56.3% |
| Other amounts receivable | 41 | €193 | €4,034 | +€3,841 | +1,988% |
| Cash at bank and in hand | 54/58 | €98,914 | €14,602 | -€84,312 | -85.2% |
| Deferred charges and accrued income | 490/1 | €630 | €695 | +€66 | +10.4% |
| Total equity and liabilities | 10/49 | €1,749,547 | €2,123,712 | +€374,166 | +21.4% |
| Equity | 10/15 | €1,071,177 | €1,042,371 | -€28,806 | -2.7% |
| Contributions | 10/11 | €61,550 | €61,550 | = | 0.0% |
| Capital | 10 | €61,550 | €61,550 | = | 0.0% |
| Issued capital | 100 | €61,550 | €61,550 | = | 0.0% |
| Reserves | 13 | €1,009,627 | €980,821 | -€28,806 | -2.9% |
| Non-distributable reserves | 130/1 | €6,155 | €6,155 | = | 0.0% |
| Legal reserve | 130 | €6,155 | €6,155 | = | 0.0% |
| Tax-exempt reserves | 132 | €742,678 | €710,711 | -€31,967 | -4.3% |
| Distributable reserves | 133 | €260,794 | €263,955 | +€3,161 | +1.2% |
| Provisions and deferred taxes | 16 | €247,559 | €236,903 | -€10,656 | -4.3% |
| Deferred taxes | 168 | €247,559 | €236,903 | -€10,656 | -4.3% |
| Amounts payable | 17/49 | €430,810 | €844,438 | +€413,628 | +96.0% |
| Amounts payable after more than one year | 17 | €389,060 | €803,337 | +€414,277 | +106% |
| Financial debts | 170/4 | €386,515 | €800,792 | +€414,277 | +107% |
| Other amounts payable | 178/9 | €2,545 | €2,545 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,750 | €38,091 | -€3,659 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €25,211 | €21,354 | -€3,857 | -15.3% |
| Trade debts | 44 | €9,357 | €12,917 | +€3,560 | +38.0% |
| Suppliers | 440/4 | €9,357 | €12,917 | +€3,560 | +38.0% |
| Taxes, remuneration and social security | 45 | €7,085 | €1,281 | -€5,804 | -81.9% |
| Taxes | 450/3 | €7,085 | €1,281 | -€5,804 | -81.9% |
| Other amounts payable | 47/48 | €98 | €2,540 | +€2,442 | +2,496% |
| Accrued charges and deferred income | 492/3 | - | €3,010 | +€3,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,749 | €66,861 | -€21,889 | -24.7% |
| Other operating charges | 640/8 | €4,320 | €2,531 | -€1,789 | -41.4% |
| Gross operating margin | 9900 | €94,286 | €53,348 | -€40,938 | -43.4% |
| Operating profit (loss) | 9901 | €1,216 | -€16,044 | -€17,260 | |
| Financial charges | 65/66B | €9,416 | €21,943 | +€12,527 | +133% |
| Recurring financial charges | 65 | €9,416 | €21,943 | +€12,527 | +133% |
| Profit (loss) for the period before taxes | 9903 | -€8,200 | -€37,987 | -€29,787 | -363% |
| Transfer from deferred taxes | 780 | €10,656 | €10,656 | = | 0.0% |
| Income taxes | 67/77 | €11,072 | €1,475 | -€9,597 | -86.7% |
| Profit (loss) for the period | 9904 | -€8,616 | -€28,806 | -€20,190 | -234% |
| Transfer from tax-exempt reserves | 789 | €31,967 | €31,967 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,351 | €3,161 | -€20,190 | -86.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.